GTIS Partners Closes $680 Million Brazil Real Estate Fund III

GTIS
Partners LP (“GTIS”), a real estate private equity firm
headquartered in New York City, with offices in São Paulo, Los Angeles,
San Francisco, Atlanta, Paris, and Munich, held its final closing for
the GTIS Brazil Real Estate Fund III (“Fund III”) on December 30, 2016.
A total of approximately $680,000,000 was raised largely from several
institutional investors.

“We’re excited that we were able to close another fund in Brazil, and
that there was robust interest among both our existing and new investors
for this product,” said Josh Pristaw, Senior Managing Director at GTIS
who led the fundraising effort and co-runs the Brazil business. “With
the right execution capabilities, Brazil represents an attractive
opportunity for real estate investing. We look forward to deploying our
investment capital as new opportunities are uncovered.”

GTIS Partners has a legacy raising large funds for its Brazil investment
activities. The firm previously raised $810.2 million for GTIS Brazil
Real Estate Fund II in December 2011, and approximately $510 million
between 2008‐2009 during the first round of funding as well as
approximately $700 million of capital in co-investment vehicles. To
date, GTIS has committed approximately $2.1 billion to investments in
Brazil, making it one of the most active real estate managers there.

“We’re proud to say that Fund III is one of the only Latin American real
estate funds to have closed this year,” noted Tom Shapiro, President and
Founder of GTIS. “We currently have approximately 2 million square
meters either built or under development including over 700,000 square
meters of office and industrial/logistics assets, and over 14,000
residential units and approximately 10,000 hotel keys across São Paulo
and Rio, and look forward to building out that portfolio with the
proceeds of this new fund.”

“Our combination of a vertically integrated best-in-class local platform
with a US-based institutional infrastructure is a unique differentiator
as we source and execute on transactions,” noted Joao Teixeira, Senior
Managing Director and Co-head of Brazil for GTIS.

About GTIS Partners

GTIS Partners is a global real estate investment firm headquartered in
New York with offices in Los Angeles, San Francisco, Atlanta, São Paulo,
Brazil, Paris, France and Munich, Germany. GTIS Partners was founded in
2005 and is managed by President Tom Shapiro and Senior Managing
Directors Josh Pristaw, Rob Vahradian, Tom Feldstein and Joao Teixeira.
GTIS Partners has 83 employees and currently has approximately $3.6
billion of assets under management. The firm pursues opportunistic real
estate investments through direct equity investment and non-traditional
lending activities. To date, the firm has committed capital to
residential, retail, industrial, office, hotel and mixed-use projects in
the U.S. and Brazil, and is among the largest real estate private equity
companies in Brazil. For more information, please visit www.gtispartners.com.